Medmira Inc (TSE:MIR)
:MIR
Top Page
Medmira
(MIR)
Select Model
Select Model
Rating:42Neutral
Price Target:
C$0.06
▼(-17.14% Downside)
Action:ReiteratedDate:04/09/26
The score is driven primarily by very weak financial performance (shrinking revenue, large losses, negative equity, rising debt, and ongoing cash burn). Technicals add modest downside pressure with the stock below major moving averages and negative MACD. Valuation does not offset these risks because the company is loss-making (negative P/E) and no dividend yield is provided.
Positive Factors
Proprietary platform
MedMira’s proprietary Rapid Vertical Flow Technology provides a durable technical moat for point-of-care diagnostics. Platform ownership can shorten development timelines, enable differentiated assays, support licensing/OEM deals, and lower marginal product costs over time, strengthening long-term competitiveness.
Negative Factors
Very small, declining revenue
Revenue that has fallen to roughly $0.19M TTM and declined ~19% year-over-year prevents the company from achieving scale needed to absorb fixed costs or fund commercialization. Prolonged revenue shrinkage increases reliance on external funding and limits ability to execute growth or R&D plans.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary platform
MedMira’s proprietary Rapid Vertical Flow Technology provides a durable technical moat for point-of-care diagnostics. Platform ownership can shorten development timelines, enable differentiated assays, support licensing/OEM deals, and lower marginal product costs over time, strengthening long-term competitiveness.
Read all positive factors
Medmira (MIR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$42.10M
Dividend YieldN/A
Average Volume (3M)94.91K
Price to Earnings (P/E)―
Beta (1Y)1.13
Revenue Growth-41.70%
EPS Growth-35.42%
CountryCA
Employees52
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding701,730,600
10 Day Avg. Volume79,718
30 Day Avg. Volume94,909
Financial Highlights & Ratios
PEG Ratio-0.35
Price to Book (P/B)-2.47
Price to Sales (P/S)232.06
P/FCF Ratio-17.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Medmira Business Overview & Revenue Model
Company Description
MedMira Inc., a biotechnology company, researches, develops, manufactures, and commercializes rapid diagnostics and technology platforms in North America, Europe, the Asia Pacific, and internationally. The company offers Reveal HIV that detects an...
How the Company Makes Money
MedMira makes money primarily by selling in vitro diagnostic (IVD) test products and related consumables to healthcare providers, laboratories, clinics, government/public-health programs, and distributors. Its core revenue stream is product revenu...
Medmira Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
6
Very Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 188.50K | 240.51K | 412.57K | 432.53K | 952.13K | 2.14M |
| Gross Profit | -1.55M | -990.25K | 226.49K | -434.91K | 304.03K | 1.72M |
| EBITDA | -2.22M | -3.13M | -2.13M | -1.58M | -1.07M | 185.30K |
| Net Income | -3.49M | -4.52M | -3.33M | -2.68M | -1.83M | -675.80K |
Balance Sheet | ||||||
| Total Assets | 3.58M | 3.68M | 6.07M | 3.65M | 3.83M | 3.89M |
| Cash, Cash Equivalents and Short-Term Investments | 96.20K | 14.91K | 2.10M | 13.18K | 33.46K | -2.30M |
| Total Debt | 17.39M | 10.71M | 9.56M | 9.27M | 8.30M | 11.54M |
| Total Liabilities | 27.61M | 26.24M | 24.11M | 18.68M | 16.19M | 19.61M |
| Stockholders Equity | -24.03M | -22.56M | -18.04M | -15.03M | -12.36M | -15.72M |
Cash Flow | ||||||
| Free Cash Flow | -1.96M | -3.15M | -3.68M | -1.27M | -1.95M | -541.19K |
| Operating Cash Flow | -1.96M | -3.15M | -2.94M | -1.27M | -1.88M | -504.64K |
| Investing Cash Flow | 0.00 | -7.47K | -742.53K | -1.27K | -69.72K | -36.55K |
| Financing Cash Flow | 1.76M | 1.07M | 5.77M | 1.25M | 1.99M | 139.32K |
Medmira Technical Analysis
Negative
0.07
Price Trends
0.06
Negative
0.07
Negative
0.07
Negative
Market Momentum
>-0.01
Negative
46.83
Neutral
38.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MIR, the sentiment is Negative. The current price of 0.07 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.83 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MIR.
Medmira Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | C$54.96M | 95.68 | 3.31% | ― | 5.29% | -29.02% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
47 Neutral | C$60.85M | -5.76 | ― | ― | ― | 54.38% | |
45 Neutral | C$33.25M | -6.85 | -8.01% | ― | -26.81% | -161.24% | |
45 Neutral | C$29.83M | -6.55 | ― | ― | ― | 72.92% | |
42 Neutral | C$42.10M | -17.24 | ― | ― | -41.70% | -35.42% |
* Healthcare Sector Average
TSE:MIR
Medmira
0.06
-0.04
-36.84%
TSE:COV
Covalon Technologies
1.99
-0.19
-8.72%
TSE:MBX
Microbix Biosystms
0.24
-0.11
-32.39%
TSE:SVA
Sernova
0.18
<0.01
2.94%
TSE:NRX
NurExone Biologic
0.63
-0.06
-8.70%
TSE:DTC
Defence Therapeutics
0.52
-0.41
-44.09%
Medmira Corporate Events
Business Operations and StrategyFinancial Disclosures
MedMira Expands McKesson Partnership as Quarterly Revenue Falls and Loss Widens
Negative
Apr 2, 2026
MedMira reported second-quarter fiscal 2026 results marked by weaker revenue and a wider net loss, alongside a strategic expansion of its distribution network. The company signed a major agreement with McKesson in the U.S. and Canada, broadening a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.